What is a Hammer Candle? 🔨(Hammer)

- It is a candle that forms at the end of a downtrend, and it tells us:

"Get ready, traders, the market might reverse!" 🚨📈

- What does it look like? 🤔

A small body (short candle)

A long lower wick (shadow) that is several times the body

Almost no upper wick or it is very small

It usually forms at the bottom of a downtrend

- What does it mean simply?

If the market was crashing, and suddenly the hammer appeared:

This means that selling has stopped and buyers have entered the game strongly 💪💰

It means the market tried to drop further, but buyers said: "That's enough!" and pushed the price back up before it closed.

So can I rely on it alone? 🤨

No, of course not! ✅

As I said: it is a confirmation tool, not a definite indicator.

You need to wait for:

A subsequent bullish confirmation candle (Bullish Confirmation)

Or see strong support at this level

Or use other indicators like RSI or MACD